Apollo LogiSolutions

Sector: Logistics, Contract Logistics and Supply Chain  |  HQ: Gurugram, Haryana, India  |  Founded: 2008  |  Employees: 2,500+

Listed as: Privately held  | 

Company overview

Apollo LogiSolutions Limited is the integrated logistics services subsidiary of Apollo International Limited, headquartered in Gurugram and founded in 2008. The company operates across container freight stations (CFS), inland container depots (ICD), warehousing and distribution centres, third-party logistics, port-side cargo handling, customs brokerage, and supply chain solutions. The Apollo International parent operates in international trading, tyre distribution, and logistics, with Apollo LogiSolutions as the dedicated logistics arm. Apollo LogiSolutions operates CFS facilities at Mundra (Gujarat), Pipavav (Gujarat), Mumbai (JNPT), and Chennai port hinterlands, ICD operations at select inland locations, and grade-A warehouse infrastructure across major consumption clusters. The customer base includes automotive OEMs and component manufacturers, FMCG companies, retail and e-commerce platforms, oil and gas operators, and manufacturing exporters and importers. The company has been considering an IPO in recent years to fund capacity expansion and to surface value of the integrated logistics platform.

Financial performance and recent trajectory

Disclosed revenue (FY25): ₹950 crore (FY 2024-25 estimate).

Competitive position

Apollo LogiSolutions operates in the Indian integrated logistics and CFS market with competitors including Container Corporation of India (CONCOR, NSE listed, public sector leader), Adani Logistics (subsidiary of Adani Ports and SEZ), Allcargo Terminals (NSE listed post 2023 demerger), DP World India, Krishnapatnam Port Container Terminal, Hind Terminals, Continental Warehousing, JM Baxi Heavy, Gujarat Pipavav Port, and a long tail of smaller CFS operators. In contract logistics and warehousing, the principal competitors are Mahindra Logistics (NSE listed), DHL Supply Chain India, TVS Supply Chain Solutions (NSE listed), Future Supply Chain (post resolution), and Allied Lemuir. The competitive moats are the integrated CFS-ICD-warehousing footprint, the established port-side infrastructure at key gateway ports, the Apollo International group's broader trading relationships providing customer access, and the cost-competitive operating discipline. The principal vulnerabilities are the cyclical exposure to import-export volumes, competitive intensity from Adani Logistics' captive port integration, and the smaller scale relative to CONCOR's pan-India ICD network.

Key risks

Cyclical exposure to Indian import-export volumes Competitive intensity from Adani Logistics captive port integration and CONCOR scale IPO and corporate restructuring timing complexity

Outlook

Apollo LogiSolutions was founded in 2008 by Apollo International Limited as the dedicated logistics services arm. The Apollo International group, founded by Onkar Kanwar of the broader Apollo Tyres family (although Apollo International is structurally distinct from Apollo Tyres Limited), operates across international trading, tyre distribution, and integrated logistics. The logistics business has grown over the past 15-plus years through CFS development, ICD operation, warehousing capacity build, and supply chain services. The business is organised across five operating segments. The Container Freight Station segment operates CFS facilities at major Indian ports providing import-export container handling, customs clearance, and intermediate storage. Apollo LogiSolutions CFS facilities include the Mundra CFS (Gujarat, serving the Mundra Port hinterland), the Pipavav CFS (Gujarat, serving the Pipavav Port hinterland), the Mumbai JNPT CFS (Maharashtra, serving JNPT), and the Chennai CFS (Tamil Nadu, serving Chennai Port and Kattupalli Port). The Inland Container Depot segment operates ICDs at select inland locations providing dry port functionality including customs clearance, container handling, and rail transport coordination. The Warehousing and Distribution segment operates grade-A warehouse infrastructure across major consumption clusters totalling several million square feet. Customers include automotive OEMs and component manufacturers, FMCG, retail, and e-commerce platforms. The Third-Party Logistics segment includes full-service contract logistics with dedicated managed warehouses, distribution operations, and in-plant logistics for select clients. The Customs Brokerage and Trade Services segment includes customs clearance, freight forwarding coordination, and trade documentation services. Operational infrastructure includes the CFS facilities (total capacity of approximately 6,00,000 TEU annual throughput across the four major sites), the ICD network, the warehouse footprint, and the supporting equipment (reach stackers, gantry cranes, top loaders, trucks, internal handling equipment). Technology platform includes the customer-facing tracking and visibility systems, the warehouse management system, and the customs clearance automation. Distribution and customer acquisition combines direct enterprise sales for contract logistics mandates, freight forwarder relationship management for CFS business (freight forwarders typically nominate the CFS for their import-export consignments), customs brokerage referrals, and the Apollo International group cross-sell. Financial trajectory has been growth-driven through the FY22 to FY25 cycle. Revenue is estimated at approximately ₹700 crore in FY22, ₹800 crore in FY23, ₹880 crore in FY24, and approximately ₹950 crore in FY25 at low-double-digit CAGR. EBITDA margin in integrated logistics is typically 18 to 25 percent across CFS and warehousing operations, with Apollo LogiSolutions tracking in this band. The company is closely held within the Apollo International group. Recent strategic priorities include CFS throughput expansion at Mundra and Pipavav, warehouse capacity addition in growth consumption clusters, IPO preparation that has been periodically reported in financial media, and digital transformation across the operating platform. Strategy through 2025 to 2030 is anchored on four themes. First, CFS and ICD capacity expansion to capture the structural growth in Indian import-export volumes under the broader Make in India and PLI-driven trade flow expansion. Second, multimodal logistics park development under the National Logistics Policy and PM Gati Shakti frameworks. Third, contract logistics scale-up through grade-A warehouse capex including dedicated e-commerce fulfilment infrastructure. Fourth, IPO and capital market access to fund the expansion programme and surface value of the integrated platform. The regulatory environment includes the Customs Act 1962 and Customs Tariff Act 1975 governing import-export operations, the Major Port Authorities Act 2021 and state maritime board frameworks governing CFS operations, the Carriage by Road Act 2007 for road transport, the Multimodal Transportation of Goods Act 1993 for MTO operations, the Warehousing (Development and Regulation) Act 2007 for warehousing operators, the National Logistics Policy 2022 framework providing the broader sector context, and the Goods and Services Tax framework treating logistics services at 5 percent or 18 percent depending on the specific category. The Companies Act 2013 governs corporate disclosure for the unlisted entity. Risks include the cyclical exposure to Indian import-export volumes, competitive intensity from Adani Logistics' captive port integration (Adani Ports and SEZ controls the Mundra Port and operates Adani Logistics adjacent), CONCOR's pan-India ICD scale, freight rate volatility affecting customer pricing flexibility, customs and port regulation changes, and the corporate restructuring and IPO timing complexity within the broader Apollo International group. Management quality is anchored by Apollo International group leadership with a dedicated Apollo LogiSolutions operating management team. Statutory audit is conducted under the Companies Act 2013 framework for the unlisted entity. ESG positioning is moderate. Trucking emissions and warehouse energy consumption are the principal operational ESG dimensions. Progressive electric truck pilots, renewable energy procurement at warehouses, and lean inventory management for customers are the abatement levers. Worker welfare across the warehouse and CFS workforce is the principal social ESG dimension.

KAMRIT point of view

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Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.